Brown Commercial Group worked with buyers, sellers, landlords and tenants on five commercial real estate transactions totaling 32,575 square feet across the western suburbs and in Rockford, Illinois. Each of the transactions included a building user who was opening a new business, adding a new location or expanding its business footprint. “We are seeing businesses...
Vacancy continues to fall. Build-to-suit development is reaching record highs. A variety of user types are keeping infill areas active. It’s been nothing but good news for the Chicago industrial sector this year. Can the good times last? (In)fill ‘er up! Because industrial users have been attracted to O’Hare and other infill areas for decades, they...
Brown Commercial Group negotiated a 26,000-square-foot industrial building sale in Chicago’s western suburbs as part of a two-transaction process that is moving a business owner into a modern, more efficient facility. Senior broker Jim Pietrarosso represented Foderaro Investment Partnership Corp. in buying a building at 2475 Millennium Drive in Elgin, Illinois for $2,050,000. The facility...
Brown Commercial Group brokered one building sale and four leases in the western and far western Chicago suburbs, totaling 25,036 square feet of industrial space. Each of the new leases was to a business that is expanding. “Market dynamics, including strong demand for industrial space, [are] pushing tenants farther out from the urban core or...
ELK GROVE VILLAGE -- Brown Commercial Group brokered one building sale and four leases in suburbs, totaling 25,036 square feet of industrial space. Brown Commercial Group Broker Brian Lindgren represented both the seller. MF II LLC, and the buyer, Component Management Group LLC, in the sale of a 10,052-square-foot building at 365 Production Drive in...
